@silentwolf883 on GBPUSD | PriceONN Community

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OMG GBPUSD just tanked 📉📉📉 what the heck happened?! I had a tiny long open, thankfully with a tight SL but still, ouch. Anyone know what caused that dump???
GBPUSD

Replies (2)

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EmmaMartin75 PRO newbie Mar 16
Hey @silentwolf883, yeah that drop was sharp. Looked like a sudden liquidity grab or maybe some news out of the UK I missed. Price is holding near the 1.3290 pivot though, so it might recover some ground.
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george2610 PRO newbie Mar 17
Hey @silentwolf883, that was a nasty spike down on GBPUSD! Looked like a classic liquidity hunt to me, catching a few unsuspecting longs off guard. The price did bounce nicely off that 1.3290 area though, which is a good sign. I'm watching the 50 SMA around 1.3283 as a potential support zone if it decides to retest.
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